Charlie Lee gives his opinion on which Bitcoin fork Coinbase will support after the Segwit2x fork
Charlie Lee, the creator of Litecoin and former Director of Engineering at Coinbase, has given his view on Reddit on what he thinks Coinbase will do in terms of adoption of the upcoming contentious Segwit2x hardfork. Charlie Lee has recently come out against the Segwit2x hardfork on Twitter, including going as far as making a bet with Roger Ver on which of the two Bitcoins will become/remain the 'real' Bitcoin.
In the Reddit post Charlie Lee describes how he believes that Coinbase will probably list both of the Bitcoin versions, because it is a contentious fork and they want to avoid the risk of lawsuits. He does believe, however, that the BTC ticker will remain with the non-Segwit2x Bitcoin because otherwise there would be a disruption of people who are already running the Bitcoin Core software trying to deposit/withdraw from Coinbase.
He ends with saying that this reflects the advice he has given Coinbase with regards to how to deal with the upcoming hardfork.
To me it seems the No2x crowd is gaining momentum, and I am inclined to lean that way as well. I think any hardfork off of Bitcoin is going to be an alt-coin unless it receives wide-scale support.
Holding my crypto and watching everything unfold like ;)
Excellent post! Thanks for sharing.
I think you’re right, but it’s hard to get large scale support for a new coin. Bitcoin cash had support, and they did ok with the fork, but it’s not worth anything close to Bitcoins value. They were even mining at a loss to keep it afloat. You really need people willing to mine at a lose if you expect to have a successful hard fork.
True.. but maybe there are miners who would like to see Bitcoin fail? It may be worth it for BCH supporters to miner the segwit2x fork, if only to diminish the value of Bitcoin Core?
This is going to get good. https://www.cryptocoinsnews.com/roger-ver-bets-4-million-segwit2x-hard-fork/
At the end of the day it's going to be about users; not miners or devs. BTC fees are a complete ripoff and what we are currently looking at is only a fraction of $8.90 average fee of few weeks ago. People are going to get sick of these stupid disharmony and non-existence of any form of real governance. From a technical and utility POV BCH is far superior. It's cheaper(At worst it's 10 times cheaper) and faster and based on proven tech.
The only problem is those who move to a different state will be much willing to move to a different country. When Dash (or its ripoff PIVX) comes and show governance, privacy, 1.3 second transaction, ultra cheap fees, self funded treasury, a solid roadmap,etc,etc,etc. People who switch to BCH will switch away from BCH.
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interesting post!